Julia
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The dividend is 65c and is only 50% franked.
That is all I wanted to say so am adding these extra words to pad this post out and allow it to be accepted for posting.
QBE - QBE Insurance Group
- Thread starter markrmau
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The dividend is 65c and is only 50% franked.
That is all I wanted to say so am adding these extra words to pad this post out and allow it to be accepted for posting.
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Can someone help me with understanding the terminology in the QBE presentation report? In regards to dividends, the report says ex-dividend date is 29/2. "Record" date is 6/3, and payment date is 26/3. What is record date?
It is my understanding selling shares on ex-div day still entitles you to the dividend.Thanks in advance
Birdster the ex-dividend date is the critical one in terms of buying/selling.
The record date (4 trading days after the ex date) is simply to allow time for transactions to be recorded by the share registry, otherwise the process would degenerate into a shambles.
If you sell on the ex-dividend date you retain the dividend as you are indeed selling your shares ex the dividend.
ice
The record date (4 trading days after the ex date) is simply to allow time for transactions to be recorded by the share registry, otherwise the process would degenerate into a shambles.
If you sell on the ex-dividend date you retain the dividend as you are indeed selling your shares ex the dividend.
ice
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I could of posted the exact same post as you. Except for the "This is really intersesting" part would be swapped for %^%#!
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Brad,
If you look at that chart over the past few years, I didn't hear many people complaining as QBE went from $7 to over $30 in that time. So honestly, a drop back to $25 or so isn't that bad. In comparison, this stock is performing better than AFG, ABS, CNP...
I give it a few more days to settle down, and it will come back slowly, just look at BNB, that has been a shining example of how a stock can rebound rapidly (15-20%) within the matter of days even.
Long term, fundamentally, nothing was/is wrong with QBE. I am actually looking at buying in if it drops much further so I'm not phased. Soon I am sure we will be posting in here about how it performed so well!
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Brad,
If you look at that chart over the past few years, I didn't hear many people complaining as QBE went from $7 to over $30 in that time. So honestly, a drop back to $25 or so isn't that bad. In comparison, this stock is performing better than AFG, ABS, CNP...
I give it a few more days to settle down, and it will come back slowly, just look at BNB, that has been a shining example of how a stock can rebound rapidly (15-20%) within the matter of days even.
Long term, fundamentally, nothing was/is wrong with QBE. I am actually looking at buying in if it drops much further so I'm not phased. Soon I am sure we will be posting in here about how it performed so well!
When was it $7 and go to over $30? it must be years ago...and for no people complaining on that rise is like saying shorters shut up when they lose.
As how reassurring you want to sound with "I'm not phased", it doesn't give any input to what is happing to the SP.
No intended offence. My stats do not show $7-30 in a short time.
Just to note, regarding QBE, I'm in and down...but above ground!
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No, more the point that its had a fantastic run over the past 4 years, up some 300%, and when there's a 10% fall, especially in what some argue is a bear market (moreso for financials), then I don't see the problem.When was it $7 and go to over $30? it must be years ago...and for no people complaining on that rise is like saying shorters shut up when they lose.
As how reassurring you want to sound with "I'm not phased", it doesn't give any input to what is happing to the SP.
No intended offence. My stats do not show $7-30 in a short time.
Just to note, regarding QBE, I'm in and down...but above ground!
People have to start looking at the long-term picture instead of the day-by-day movements. That was more the point I was making.
Short term? That's a whole different issue, and as far as I'm concerned, if you're buying into financials for the short term, then I think you would be well aware of the kind of trouble you can get yourself into.
In regards to "I'm not phased"; look at what happened to QBE from its low after September 11, it hit $5, and now we're talking about it being $25, what part of not phased is unclear?
When it drops in the same fashion as others like ABS, CNP etc have, then I will understand the complaining, but BNB, MQG and other financials have suffered steep falls like this in the past year, so again, it's not contained to this stock alone and spread across the market. That's why I'm not phased.Shares are not for the faint hearted, especially day-trading/short term trading.
Brad,
If you look at that chart over the past few years, I didn't hear many people complaining as QBE went from $7 to over $30 in that time. So honestly, a drop back to $25 or so isn't that bad. In comparison, this stock is performing better than AFG, ABS, CNP...
I give it a few more days to settle down, and it will come back slowly, just look at BNB, that has been a shining example of how a stock can rebound rapidly (15-20%) within the matter of days even.
Long term, fundamentally, nothing was/is wrong with QBE. I am actually looking at buying in if it drops much further so I'm not phased. Soon I am sure we will be posting in here about how it performed so well!
Strange to conpare a company like QBE with the likes of AFG, ABS & CNP.
The market punished the likes of AFG, CNP & ABS for their high levels of debt. Then a company like QBE gets punished for reducing their debt and risk levels at the expense of a small amount of profit.
You CANNOT have consistant HIGH returns without a HIGH level of risk.
BNB exceeded their profit forcasts. QBE failed to reach theirs, hence the Markets "hissy fit". I agree that things will turn around soon.
Given 75% of their income comes from the US, which is in the grip of a recession their profit result was outstanding.
Give it a few weeks.
Julia
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Sadly, there's no rule which says the SP may only drop as much as the value of the dividend!
There are dozens of good companies whose SP's are being similarly affected.
I doubt any bad fairy especially has it in for QBE.
Read Tronic's comments above.
Hi Julia,
Don't put me wrong, I have strong belief in QBE and its performance, I am sure it will do much better in the next few weeks, but just surprised me whats happening today? Even IAG wans't that bad today? SUN is catching up??
I think once Ambac announced the package, QBE will fly up ...
Regards,
Barclays Group have been selling QBE shares and ceased to become a substantial holder (see QBE ASX announcements past couple of days). Despite Barclay's selling the volume on QBE since Wednesday has been way above its normal daily trading volume. The recent drop is share price is incongruent given QBE's excellent fundaments and a PE Ratio of less than 11.0I have emailed the ASX asking them to look into QBE's unusual rise in trading volume on Wed 27th Feb. I will let you know what their response is when it is received.
Hi Carol,
Who did you email at the ASX?
I never knew it was possible for just anyone to send the ASX a queery.
What sort of increases in volume were you seeing?
If it was significant to warrant a an ASX queery/please explain to the company, the ASX systems should automatically catch it, there should not be a need for the public to alert the ASX.
Who did you email at the ASX?
I never knew it was possible for just anyone to send the ASX a queery.
What sort of increases in volume were you seeing?
If it was significant to warrant a an ASX queery/please explain to the company, the ASX systems should automatically catch it, there should not be a need for the public to alert the ASX.
By the way, I wouldn't consider trading volumes around QBE in the last few days to be unusual. Its expected given it missed many forcasts and it just released its results.
If it were to drop 6% the day before the results were released, that would have been considered unusual. But being unusual does not neccessarily mean that it requires a please explain.
If it were to drop 6% the day before the results were released, that would have been considered unusual. But being unusual does not neccessarily mean that it requires a please explain.
Garpal Gumnut
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Well done Carol, its time someone shook the regulators.
On the charts this is extremely unusual trading/selling, in a down trend and it may be about to do an AFG chartwise.
Next support/resistance is $20, then $12, then $8.
Beware all.
gg
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Despite being accompanied by a chart to give it a veneer of legitimacy, this is just down ramping. Mods???
brad
prawn_86
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Looks fine to me Brad.
GG was just stating where the major support points are in his eyes. He wasnt saying it is definetly heading there.
Any problems feel free to PM
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